Following a report and rumors of Japanese developer Nippon Ichi Software having financial troubles and employees supposedly going unpaid, we’ve gotten some clarification from the company on the whole ordeal.

“We deny rumors of NIS staff not being paid. Current operations at the company are not affected, which include employee salaries,” a NIS America representative said to Niche Gamer.

To recap, the Japanese company Nippon Ichi Software (who NIS America represents in the west) was reportedly selling off stocks for low prices, in an effort to generate quick income. This, however, devalues the stock(s) already owned by investors.

The financial report, which is really the only thing actually confirmed, was then followed by rumors the company wasn’t able to pay its staff. We now know this to be untrue, per the above statement.

Nippon Ichi Software’s latest title, Lapis x Labyrinth, just released for PlayStation 4 and Nintendo Switch. You can expect our review for the game soon.